CBRE recently represented the seller, a joint venture between the Marquette Companies and an affiliate of global real estate investment management firm Heitman, in the sale of River Run at Naperville Apartments, a 206-unit multifamily property at 1015 Preserve Avenue in Naperville, Illinois. The property sold to Bridge Capital Partners and …

Whether they are office, industrial, multifamily or retail, all commercial buildings have at least one thing in common. Without good property management, efficiency falters, occupant comfort declines and in the end, revenue plummets.

Highly regarded industry veterans Adam Haefner and Brian Colson have joined Avison Young as principals. In their new roles, they are mandated with helping lead and grow the firm’s industrial brokerage practice group in suburban Chicago and across Chicagoland.

KeyBank Community Development Lending and Investment announced has provided $11.5 million in financing to Snavely Group for the creation of 38 affordable housing units at Forest City Square Apartments in Cleveland.

Benjamin L. Kadish of Maverick Commercial Mortgage announced the closing of the financing for the $93,835,000 first mortgage loan for River City located at 800 S. Wells Street in Chicago. River City is a condominium building that the borrowing entity will deconvert into an apartment building. The complex process from the initial offer to cl…

Cawley Chicago has appointed Mike Harvey, J.J. Bliss and Robert Dixon as senior vice presidents, as the firm continues to build a competitive and comprehensive commercial real estate services platform for its clients. The addition of these experienced professionals expands Cawley Chicago’s capital markets brokerage capabilities and formally…

Across the suburban Chicago market, office vacancy inched up in the third quarter as leasing velocity stalled, with only two new leases recorded greater than 50,000 square feet. This trend holds true in the O’Hare submarket, though the finer details paint a more complex image.

Holliday Fenoglio Fowler, L.P. (HFF) announced the sale of and acquisition financing for Stone Crossing Apartments, a 258-unit apartment community in the Chicago suburb of Aurora, Illinois. The HFF team marketed the property exclusively on behalf of the seller, a partnership between Graycliff Capital Partners, Buligo Capital Partners and Th…

PPM America (“PPM”) announced the addition of a new managing director, Mark Kramer, who joins the firm’s 33-member commercial real estate team, which includes employees of PPM as well as PPM’s affiliate, PPM Finance, Inc. (“PPM Finance”). Based in Chicago, Kramerjoins from BlackRock, Inc. and brings 18 years of real estate investment expert…

A subsidiary of BridgeInvestmentGroup, Bridge Office Fund Manager LLC, purchased One North LaSalle, a 47-story, 493,738-square-foot vintage office tower centrally located in downtown Chicago. Terms of the transaction were not disclosed, though the sellers—a joint venture of Northbrook-based Hilco Real Estate and two MB Real Estate executi…

Public and private stakeholders gathered Aug. 30 to celebrate the transformation of a key section of the East St. Louis, Missouri, riverfront into a magnet for additional industry and jobs. A ceremonial snip of the ribbon marked the completion of the $7 million River Bridge District Project that came in on time and more than $1 million unde…

On June 18, hundreds gathered around the Michigan Central Depot, Detroit’s 500,000-square-foot decrepit former central train station. The building has served as a symbol of the city’s various ailments wrapped up in one gigantic piece of real estate: globalization, lack of opportunities, civic mismanagement. Yet, this time the crowd was not …

Clear Height Properties has announced the appointment of Gary Rose as managing director, asset management and acquisitions. With over 15 years of experience, Rose has a strong track record leading the acquisition and long-term asset and portfolio management strategies for office, retail, multifamily, hospitality, parking and infrastructure …

On behalf of Besyata InvestmentGroup and The Scharf Group, Eastern Union’s Jeff Seidenfeld arranged a $27.5 million bridge loan for the acquisition of 236 apartments at Autumn Ridge, a residential community in Waukee, Iowa, a suburb of Des Moines.

As part of our series, CRE Future Leaders, we caught up with Nick Siegel, vice president at Bridge Development Partners. Siegel joined Bridge in 2015 and is responsible for assisting in development and acquisition activities throughout Chicagoland and South Florida. He is currently involved in all aspects of the development process, specifi…

The leadership team at Aries Conlon Capital announced that Robert Bernstein has joined the firm as head of capital markets and placements. Aries Conlon Capital will open a New York office in conjunction with the addition of this new position.

The city of Chicago broke ground on a state-of-the-art facility that will prepare the region for nearly 20,000 jobs in advanced manufacturing and engineering that are expected to come to the region in the next decade.